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Post# of 794903
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Patswil

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Patswil

Re: Patswil post# 113332

Monday, 08/19/2013 5:04:00 PM

Monday, August 19, 2013 5:04:00 PM

Post# of 794903
The FHFA noted the new accounting methods would involve "changes in a significant policy," and as a result require a lengthy implementation period. The regulator consulted with Fannie Mae and Freddie Mac and has allowed the mortgage companies until January 1, 2015, to make all of the adjustments, which will be rolled out in stages.

Looks like the FHFA intends on keeping them around for a while....
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